You’ll never find a builder who starts hammering away without a plan. Every builder needs training, a list of priorities and page of blueprints before they can start to build a house.
Investing should be treated the same way. First, learn about the stock market. Know the difference between a minimum price and a dividend. The more you know, the more you will thrive. Secondly, work out your financial priorities. Have you paid off your student loans? Do you still owe money for your car? Or have looming credit card debt? Lastly, draw up your financial blueprints. How much will you invest? How frequently? Will you get guidance or do it alone? Once you’ve ticked those boxes, you’ll be ready to start building your investments.
Tips and tricks
Start early to benefit from compounding and don’t be afraid to seek financial advice to help you make decisions.